Stifel Nicolaus Raises VICI Properties (NYSE:VICI) Price Target to $34.25

VICI Properties (NYSE:VICI) had its target price hoisted by analysts at Stifel Nicolaus from $34.00 to $34.25 in a note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 7.08% from the company’s current price.

Several other brokerages have also issued reports on VICI. JMP Securities restated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Wells Fargo & Company raised their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Barclays increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.23.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $31.99 on Thursday. The company has a market cap of $33.80 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 3.88 and a beta of 0.94. The business has a 50 day moving average price of $31.13 and a 200 day moving average price of $31.38. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties has a twelve month low of $27.08 and a twelve month high of $34.29.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. Research analysts predict that VICI Properties will post 2.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. State Street Corp raised its position in VICI Properties by 2.1% in the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after purchasing an additional 1,164,717 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of VICI Properties by 1.8% in the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company’s stock valued at $1,592,283,000 after buying an additional 984,421 shares during the last quarter. Geode Capital Management LLC lifted its position in VICI Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company’s stock worth $860,107,000 after buying an additional 1,036,344 shares in the last quarter. Capital World Investors grew its holdings in VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company’s stock worth $827,160,000 after acquiring an additional 2,903,744 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in VICI Properties by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock valued at $706,962,000 after acquiring an additional 130,659 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Company Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.